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Total Says It, Aramco Remain Interested in Saudi Petrochemicals Expansion
(Tuesday, October 13, 2015) France's Total and state oil firm Saudi Aramco remain interested in expanding petrochemical production at their joint refining project in Saudi Arabia, Satorp, a senior Total executive told Reuters on Tuesday.
Sasol Taps Emerson for Lake Charles Automation Project
(Tuesday, October 13, 2015) The automation project is one of the largest in history awarded to Emerson.
Contract for Gulf Coast Chemical Plant Goes to CB&I
(Tuesday, October 13, 2015) CB&I Tuesday announced it has been awarded a contract in excess of $100 million by a major chemical corporation to engineer, procure, fabricate and construct a specialty chemicals plant in the Gulf Coast region.
Dow Chemical Seeks to Triple Africa Revenue in Five Years
(Monday, October 12, 2015) Dow Chemical Co plans to triple its revenue from sub-Saharan Africa in the next five years and is investing in offices, local staff and manufacturing plants on the continent to meet that target, its head of the region said.
OMV Says to Extend Cooperation with Borealis until 2028
(Monday, October 12, 2015) Austrian oil and gas company OMV will sign an agreement to extend its cooperation with plastics maker Borealis until 2028, OMV said on Monday.
Ineos Buys North Sea Gas Field from Russian Billionaire
(Monday, October 12, 2015) Swiss chemicals giant Ineos has bought its first British North Sea gas fields from Russian billionaire Mikhail Fridman's investment fund LetterOne, outlining plans to further expand its energy resources to supports its petrochemical business.
Louisiana Pigment Extends CB&I Contract
(Friday, October 09, 2015) CB&I Thursday announced it has been awarded a contract extension valued at approximately $60 million by Louisiana Pigment, LP, to provide operations and maintenance at its specialty chemicals plant in Westlake, Louisiana.
Sabic Reorganizes Corporate Structure to Adapt to Market Changes
(Thursday, October 08, 2015) Saudi Basic Industries Corp. announced a restructuring to make itself more agile and cost-efficient, following a comprehensive review of the challenges facing the Middle East's biggest petrochemicals company.
Asian Demand for Plastic to Defy China Economic Slowdown
(Thursday, October 08, 2015) Asian demand for plastic is set to defy economic slowdown in top consumer China and other nations, growing as plunging oil prices make it cheaper to churn out and as fast-expanding online markets boost appetite for items like packaging and wrapping.
Japan JX Shuts Petchem Unit; But Naphtha Cracker Runs Unaffected
(Thursday, October 08, 2015) Japan's JX Nippon Oil & Energy Corp said on Thursday it had shut a 140,000 tonnes per year (tpy) propylene-making unit at its Kawasaki plant for an indefinite period due to bad margins.
SABIC Chief Expects Decision on $30 Bln Saudi Project in Q2
(Wednesday, October 07, 2015) Yousef Abdullah Al-Benyan, SABIC's acting vice chairman and CEO, said the economics of the project were being assessed and there was a 50/50 chance it would proceed.
Nippon Selects Jacobs for Zwijndrecht Polymer, Acrylic Acid Plant Expansion
(Tuesday, October 06, 2015) Jacobs Engineering Group announced that it received an EPCM contract from Nippon Shokubai Europe for the expansion of the Superabsorbent Polymer Plant and a new acrylic acid plant at the Nippon Shokubai Europe site in Zwijndrecht (Antwerp), Belgium.
Ecopetrol Said to Explore Potential Sale of Plastics Unit
(Tuesday, October 06, 2015) Ecopetrol SA, Colombia's state-controlled oil producer, has taken initial steps toward the sale of a plastics unit, two people with direct knowledge of the matter said.
Saudi's PetroRabigh to Launch Bid Process for Complex Units
(Monday, October 05, 2015) If the bids are approved work would start in the second half of 2016, the company, a joint venture between Saudi Aramco and Japan's Sumitomo Chemical, said.
Saudi PetroRabigh Says Complex Shutdown to Start Next Week
(Monday, October 05, 2015) Saudi Arabia's PetroRabigh said it would postpone a 50-day shutdown, which had been scheduled to start on Sunday, by one week.
Substance Found to Curb Fuel Fireballs from Air and Vehicle Crashes
(Thursday, October 01, 2015) Researchers said on Thursday they had created a synthetic polymer that can suppress post-crash fuel mist by making fuel droplets fall like rain rather than remain suspended in the air.
U.S. to Curb Smog But EPA Stops Short of Toughest Limits
(Thursday, October 01, 2015) The American Chemistry Council warned that the rule will increase business uncertainty.
Singapore's $2.4 Billion Petrochemical Plant Gets Receiver
(Wednesday, September 30, 2015) Jurong Aromatics Corp., operator of one of the world’s largest petrochemical plants, has been pushed into receivership after debt-restructuring talks stalled amid faltering demand for commodities.
Sasol Taps Fluor for Projects at Secunda, Sasolburg
(Tuesday, September 29, 2015) Fluor Corp. announced Monday that it has signed a three-year agreement with Sasol Group Technology to perform a range of projects as an integrated team at Sasol’s facilities in Secunda and Sasolburg, South Africa.
BASF Prepares for New Cutbacks, Slows Investment Spend
(Monday, September 28, 2015) BASF on Monday launched a fresh cost cutting programme and said it would slow investments over the next few years amid volatile markets and as a low oil price weighs on its oil and gas division.